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An article of interest just describing how hot copper is right now..

Multi-million dollar projects to watch in 2011
Written by Jeff Mbanga
Wednesday, 29 December 2010 18:51

Kilembe mines Ltd

Out of business for more than three decades, efforts to get Kilembe Mines Limited back in mining business are to be renewed in 2011. Transaction advisors have almost completed the paperwork on the viability of mining copper at Kilembe that investors will need to base their decisions to invest.

The Privatisation Unit, the body in charge of Kilembe Mines Limited’s divesture, says that more than 40 companies had expressed interest in the Kasese-based company.

The growing interest in the run-down facility is partly being driven by rising copper prices on the world market, analysts say. A ton of copper is expected to hit the $10,000 mark within the next two years. There are an estimated four million tons of copper ore in Kilembe.

http://www.observer.ug/index.php?option=com_content&view=article&id=11519:multi-million-dollar-projects-to-watch-in-2011&catid=38:business&Itemid=68